The T-accounts tor Equipment and the related Accumulated Depreciation-Equipment for Concord Corporation at the end of 2022 are shown here. Fquipment lons 56,000 Disposals 15,400 Support Beg. bal. Acquisitions 29,120 End, bal. 69,720 Accum. Depr. Equipment Disposals 3,570 Beg. bal. 31,150 Depr. exp. 8,400 End, bal. 35,980 In addition, Concord Corporation's income statement reported à loss on the disposal of plant assets of $2,450. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000)) PC Cash flow from sale of equipment $ eTextbook and Media 12:41 PM 4/25/2020 F6 F9 PrtSc F10 F11 Insert Delete F12 144 1. Backspace Num Lock PI + I|
The T-accounts tor Equipment and the related Accumulated Depreciation-Equipment for Concord Corporation at the end of 2022 are shown here. Fquipment lons 56,000 Disposals 15,400 Support Beg. bal. Acquisitions 29,120 End, bal. 69,720 Accum. Depr. Equipment Disposals 3,570 Beg. bal. 31,150 Depr. exp. 8,400 End, bal. 35,980 In addition, Concord Corporation's income statement reported à loss on the disposal of plant assets of $2,450. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000)) PC Cash flow from sale of equipment $ eTextbook and Media 12:41 PM 4/25/2020 F6 F9 PrtSc F10 F11 Insert Delete F12 144 1. Backspace Num Lock PI + I|
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The T-accounts tor Equipment and the related Accumulated Depreciation-Equipment for Concord Corporation at the end of 2022 are shown here.
Fquipment
lons
56,000 Disposals
15,400
Support
Beg. bal.
Acquisitions
29,120
End, bal.
69,720
Accum. Depr. Equipment
Disposals
3,570 Beg. bal.
31,150
Depr. exp.
8,400
End, bal.
35,980
In addition, Concord Corporation's income statement reported à loss on the disposal of plant assets of $2,450. What amount was reported on the
statement of cash flows as "cash flow from sale of equipment"? (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis
eg. (15,000))
PC
Cash flow from sale of equipment $
eTextbook and Media
12:41 PM
4/25/2020
F6
F9
PrtSc
F10
F11
Insert
Delete
F12
144
1.
Backspace
Num
Lock
PI
+ I|
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